Learn about actual and potential costs
How much should I pay for Flow Measurement Instrumentation?
What is the average price of Flow Measurement Instrumentation?
This procurement report includes pricing information to help you purchase Flow Measurement Instrumentation. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Flow Measurement Instrumentation been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Flow Measurement Instrumentation yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Flow Measurement Instrumentation?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Flow Measurement Instrumentation with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
ProcurementIQ estimates that there are 210 suppliers in the US flow measurement instrumentation market, made up of specialist and multiline vendors. Overall market share concentration is low, with the top four vendors accounting for less than 30.0% of total market revenue. Buyers have more negotiation leverage in a low-concentration market... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What is your reputation like among competitors and customers and how have you developed it?
What sets your product apart from your competitors’?
What proprietary inputs/processes do you use that differentiate you from competitors?
Do you offer any value-added products or services that your competitors do not?
How long have you supplied flow measurement instrumentation? How long have you supplied flow measurement instrumentation specific to my industry?
Will you help design and build customized products?
How long have you provided flow measurement devices to your longest-tenured client?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Service & Maintenance
Do you offer maintenance and repair services? If not, can the service be included at an additional cost?
How quickly can your technicians be on-site if technical support or repair is required?
What is the anticipated useful life of your flow measurement devices?
Are there any instances or circumstances that would significantly reduce the useful life?
What measures do you recommend to prolong the useful life of your flow measurement instruments?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budgets for flow measurement instrumentation and any desired related services and goods.
Buyers should indicate when payment will occur, such as upon award of the contract or in installments over a period of time.
Buyers should look at the technical proposal to determine if the vendor meets the requirements of the RFP.
Buyers should evaluate vendors based on previous client testimonials and their ability to provide quality customer service.
Buyers should evaluate the cost proposal to determine if the vendor’s solution is within budget.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should provide the date and time when proposals are due and when award information will be available.
Buyers should include the RFP schedule and expected timeline for product delivery.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for flow measurement instrumentation is moderate. Most of the supply chain risk stems from upstream suppliers. Major first tier suppliers, including sensor manufacturers, metal suppliers, and circuit board and electronic component manufacturers, provide the components needed to build flow measurement devices. These suppliers have low to... Subscribe to learn more.
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